Please explain the utility maximizing rule for consumers if, Ask an Expert

Others

Please explain the utility maximizing rule for consumers. If you have $10, price of product A is $1, and price of product B is $2, and you bought 4 product A and 3 product B. In this situation, your total utility of 3 product A is 12, and that of 4 product A is 18, and your total utility of 2 product B is 15 and that of 3 product B is 33. Is your consumption of product A and product B maximizing your utility? If that is not, what is your recommendation?

View complete question

Homework Help/Study Tips, Others

Category:- Homework Help/Study Tips
Reference No.:- M9892183

Have any Question?Write your Review or question?

Related Questions in Homework Help/Study Tips

Primary task response within the discussion board area

Primary Task Response: Within the Discussion Board area, write 400-600 words that respond to the following questions with your thoughts, ideas, and comments. This will be the foundation for future discussions by your cla ...

Question watch the khan academy video then go to us census

Question: Watch the Khan Academy video then go to US Census and use tools to find dependency ratio in your area of residence. The video is about 5:15 in length. Pay particular attention to the notion of the dependency ra ...

Read the three articles noted below about an actual

Read the three articles noted below about an actual union-organizing effort involving Starbucks in New York City: Judge Says Starbucks Violated Workers' Rights at NYC Stores NLRB Orders Starbucks to Reinstate Two Workers ...

Assignmentwhile all business structures are different they

Assignment While all business structures are different, they share similar basic designs. All have their own missions and vision, provide certain services or products, have a strategic plan and some sort of governing bod ...

Incorporate and edit digital video assignment -assessment

Incorporate and edit digital video Assignment - Assessment Overview - These Assessments will assess your skills and knowledge required to required to incorporate, and edit, digital video into interactive media presentati ...

Discussionbefore taking this course i have to admit i never

Discussion Before taking this course, I have to admit I never really thought deep into the creation of social statistics and the aspect that go into getting specific statistics. In my view a statistic was an observation ...

Assignmenttruth is the key to making good and well-informed

Assignment Truth is the key to making good and well-informed decisions in management. However, criminal justice organizations in some jurisdictions do not practice the ethics of truth. They do not create trust in their a ...

Question low-incidence exceptionalities the deaf

Question: Low-Incidence Exceptionalities: The Deaf Culture There is a greater variety of cultures than those related to ethnicity, religion, or geography. For example, there is also the deaf culture. One low-incidence ex ...

Memory does not work like a video recording of your life

Memory does not work like a video recording of your life. One area that students are often interested in is the application of memory research to the area of eyewitness testimony. Psychologists have been examining the li ...

Question - from among the four alternatives given below

Question - From among the four alternatives given below, which letter replaces in the given table the question mark? 3 P 8 9 G 11 2 U 4 3 W 1 7 ? 18 A. A B. B C. S D. Y

4,153,160 Questions Asked
13,132 Experts
2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Recent Questions

Ask Homework Help/Study Tips Expert